Published: 2026-05-19T05:25:08.000Z
Chart USD/MYR Update: Still room for higher
1
Sharply higher as prices extend bounce from the 7 May low at 3.9070 to reach 3.9775 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0610 | 16 Jan high | S1 | 3.9400 | * | 15 Apr low | ||
| R3 | 4.0460 | ** | 31 Mar high | S2 | 3.9070 | ** | 7 May low | |
| R2 | 4.0200 | * | congestion | S3 | 3.8820 | ** | 26 Feb YTD low | |
| R1 | 4.0000 | ** | figure | S4 | 3.8680 | * | Jan 2018 low |
Asterisk denotes strength of level
05:20 GMT - Sharply higher as prices extend bounce from the 7 May low at 3.9070 to reach 3.9775 high. Consolidation here see scope for further gains later to retrace losses from the 4.0460 March high and see room to the 4.0000 figure. Gains above here, if seen, will see scope to resistance at 4.0200 level then 4.0460 March high. However, corrective gains are expected to give way to renewed selling pressure later with support raised to the 3.9500/3.9400 congestion area. Below these will return focus to the 3.9070 low and where break will expose the 3.8820 February current year low to retest.